CUPE Ontario calls for review of OMERS’ investment processes after pension manager posts a 2.7-per-cent loss in 2020

Article by Andrew Willis, The Globe and Mail (click here to read the article on theglobeandmail.com) Pension plan OMERS turned in a 2.7-per-cent loss on its investments in 2020 as the pandemic weighed down returns from its holdings in shopping malls, a theatre chain and other consumer-facing businesses. Assets of Toronto-based OMERS declined by $3-billion…

“We won’t pay for the mistakes of OMERS executives”: CUPE Ontario

TORONTO, ON – CUPE Ontario is calling for increased scrutiny of today’s announcement by the Ontario Municipal Employees Retirement System (OMERS) that the pension fund lost more than $3 billion last year. This represents a shortfall of more than $10 billion compared to their own benchmark returns for 2020. OMERS manages more than $100 billion…

6,000 new PSWs, “tip of what’s needed, gravity of shortage requires Ontario double number to tackle long-term care staffing crisis,” say health care unions

TORONTO, ON – Long-term care staffing in Ontario remains far below pre-COVID-19 pandemic levels. The gravity of the staffing shortage requires a substantive and comprehensive recruitment, training and retention workforce strategy, say health care unions representing approximately 70,000 personal support workers (PSWs). Today’s announcement is a step in the right direction from what was announced…

Ontario’s PSW plan woefully inadequate, critics charge

“Shocking,” “appalling,” “offensive” and “disappointing” are just some of the words critics are using to describe the Ontario government’s latest plan to train personal support workers (PSWs) in the province. “Their lethargy is profound…delaying training and recruitment. In the meantime nearly 4,000 residents have died in long-term care in the last year,” said Candace Rennick,…